RBI lifts ban on Diners Club...!

Sowmiya Sriram

Diners Club ban imposed on the company by the Reserve bank on the sidelines states that the Diners Club can no longer attract new customers.

On april 6, 2018, the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW">reserve bank of india announced the rules for storing transaction information in India. On april 23, 2021, the Reserve bank imposed various sanctions on the Diners Club for non-compliance with these rules.


Accordingly, the Diners Club was banned by the Reserve bank from connecting new customers in India. It was also reported that there was no impact on existing customers.

In this context, the RBI said that it was satisfied that the Diners Club had complied with the RBI's rules. Therefore, the Reserve bank has said that the restrictions on the Diners Club will be relaxed immediately.


After this, Diners Club can add new customers in India. Diners Club provides international banking and transaction services. In particular, the Diners Club is popular for card services. The Diners Club operates more than 1,300 airport Lounge services internationally.


Diners Club Cards are accepted in over 4 million businesses worldwide. Diners Club service operates internationally in more than 200 countries and regions. The Diners Club offers a number of offers depending on the shopping, dining, travel and hotel sectors.


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RBI lifts ban on Diners Club

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